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PetSmart LLC

  • Report: Argos Merger provides $1.9 billion funding for PetSmart buyout

    Phoenix – The $8.7 billion private equity acquisition of PetSmart Inc. that was announced in December 2014 is one step closer to fruition. Argos Merger is providing a $1.9 billion senior note unsecured offering to finance the purchase.

  • PetSmart same-store sales rise 2.6%

    Phoenix – Same-store sales rose 2.6% at PetSmart Inc. during the fourth quarter of fiscal 2014. Average ticket increased 2%, and same-store transactions increased 0.6%.

  • Pet expands 'Promise' to homeless families

    PetSmart’s nationally acclaimed initiative to help house the pets of homeless families is expanding.

    PetSmart Promise, which helps temporarily homeless families keep all members of their family together -– including their four-legged family members -– is expanding into 16 PetSmart PetsHotel locations nationwide. PetSmart Promise is the result of a collaboration between PetSmart and Family Promise.

  • 5th Street Station breaks ground with area’s first Wegmans

    Charlottesville, Va. -- Construction has begun on a new 73-acre, super-regional shopping center, 5th Street Station, in the heart of southern Charlottesville. 5th Street Station brings the first Wegmans store to Central Virginia, along with 335,000 sq. ft. of additional anchor, junior anchor and small-shop opportunities.  

  • PetSmart gives $450K to Children's Health

    PetSmart is teaming up with Children’s Health to help fund its pet therapy program, which will provide thousands of patients with access to canine comfort teams.

    PetSmart Paws for Hope at Children’s Health is starting off with a commitment of$425,000 from PetSmart over five years.

  • RILA adds more firepower to board

    (L-R) Target's Brian Cornell and Walgreens' Alexander Gourlay

  • GBT Realty announces more Alabama retail with the Shoppes of Albertville

    Huntsville, Ala. -- GBT Realty Corporation announced even more retail development in northern Alabama with The Shoppes of Albertville.  Just off the heels of two similar projects recently announced in the regional market, GBT is developing an $18 million, 135,000-square foot retail center along Albertville’s primary commercial corridor.  The company acquired the 13.2 acres on Dec. 29 and construction is currently underway.

  • PetSmart considered buying rival chain

    Phoenix – PetSmart Inc. considered but ultimately rejected attempting to buy an unidentified, privately held pet retail chain before agreeing to an $8.7 billion sale in December 2014. In an SEC filing, PetSmart disclosed it decided against the purchase after determining there could be competitive and antitrust issues.

    PetSmart also said 27 potential buyers showed interest in purchasing the company between August and October 2014, before PetSmart formally launched a bidding process.

  • PetSmart agrees to $8.7 billion buyout

    Phoenix – PetSmart Inc. has agreed to be purchased for about $8.7 billion by a consortium of buyers led by private equity firm B.C. Partners and also including pension fund manager La Caisse de dépôt et placement du Québec and private equity firm StepStone. The total figure represents an acquisition price of $83 per share, a 39% premium over PetSmart’s closing price on July 2, 2014.  

  • PetSmart fetches buyer for $8.7 billion

    After weeks of exploring “strategic alternatives,” PetSmart has agreed to be acquired for about $8.7 billion by a consortium led by London-based BC Partners.

    "We are pleased to have reached this agreement with BC Partners, which maximizes value for all of our shareholders and best positions PetSmart to continue to meet the needs of pet parents," said Gregory Josefowicz, chairman of PetSmart. "This transaction represents the successful conclusion of our extensive review of strategic alternatives." 

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